Charles Schwab Active Trader Pulse Survey
Intro
Charles Schwab surveyed active traders in August 2020 to get a pulse on their thoughts on the U.S. equities market during the COVID-19 crisis.
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Survey datapoints
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How traders describe their outlook for the U.S. equities market for the next 3 months:
Traders have grown slightly more bullish on the equities market over the summer.
In April 2020, only 26% of traders were bullish on the markets looking ahead three months. Now, more traders are bullish or neutral than bearish about the coming three months.
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Will volatility increase in Q4 2020 compared to Q2-Q3 2020? Traders believe yes:
Despite record volatility in the first half of 2020, traders actually believe volatility will increase in Q4 2020.
Survey datapoints
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Traders expect the following sectors will experience the most volatility for the rest of 2020:
With increased volatility expected, traders believe four sectors in particular will be impacted during the rest of 2020.
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Active Traders plan to trade about the same amount in the next 6 months:
Even with the recent uncertainty, traders continue to indicate they are staying in the market, in contrast to previous economic downturns.
Survey datapoints
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Traders were mixed on how much the coronavirus pandemic influenced their trading activity in Q1-Q2:
Reflecting back on Q1 and Q2, traders were mixed on how the coronavirus pandemic influenced their trading frequency.
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Traders see a disconnect between the broader economy and the stock market:
Almost two-thirds of traders believe there is a disconnect between the market and the economy. Of those seeing the disconnect, most of them are concerned about it.
Survey Details:
Survey Details:
Logica Research surveyed 500 Active Traders using a third-party online panel. Participants were screened to ensure they live in the U.S., were between the ages of 18-75 and made 36 or more equity trades per year. The dates of interviewing were from August 11 – 17, 2020.